Quarterly report pursuant to Section 13 or 15(d)

EQUITY (Tables)

v3.24.3
EQUITY (Tables)
9 Months Ended
Sep. 30, 2024
EQUITY  
Summary of common shares reserved for future issuance

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September 30, 

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December 31, 

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2024

    

2023

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Warrants

 

57,341,371

 

13,595,987

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Series 2 Convertible Preferred Shares

 

—

 

1,166,667

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Options issued and outstanding under stock option plan

 

1,087,493

 

898,262

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Deferred Share Units granted

 

1,061

 

1,061

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Common Shares available for grant under stock option plan

 

5,450,345

 

471,843

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Total Common Shares reserved for future issuance

 

63,880,270

 

16,133,820

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Summary of fair value of the warrant liability

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September 30, 

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2024

Balance at December 31, 2023

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$

94,185

July 2024 PIPE AB Warrant liability at issuance

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31,182,033

Change in fair value of warrant liability

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(17,014,080)

Balance at September 30, 2024

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$

14,262,138

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December 31, 

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2023

Balance at December 31, 2022

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$

1,859,374

Change in fair value of the warrant liability

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(564,548)

Foreign exchange loss

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(7,426)

Fair value of US$ warrant liability as of June 30, 2023

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1,287,400

Fair value of previously liability-classified US$ warrants reclassified to additional paid-in-capital as of July 1, 2023

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(1,287,400)

Fair value of previously equity-classified C$ warrants reclassified to warrant liability as of July 1, 2023

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396,375

Change in fair value of C$ warrant liability

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(302,190)

Balance at December 31, 2023

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$

94,185